Explaining the Charges Against Goldman Sachs

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AssociatedPress asked:


Analyst Art Hogan looks at the charges filed Friday against Goldman Sachs. The SEC is accusing Goldman of defrauding investors by failing to disclose conflicts of interest in mortgage investments it sold as the housing market was faltering. (April 16)

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  • 22 Responses to “Explaining the Charges Against Goldman Sachs”

    1. Prometheus1323 Says:

      This is a smoke screen. Every criminal associated with this should be prosecuted including Chris Dodd, Barney Frank (Elmer Fudd), Franklin Raines. These guys get away. We have the ‘fox guarding the hen house’. Its a smoke screen.

    2. SKAMP57 Says:

      No mention of the John Paulson connection here. Move along nothing to see here!

    3. myboylollipop09 Says:

      I’m glad to see charges files against Goldman-Sachs. If nothing else the wall street bankers now know they have no friend in the white house anymore and they are being watched closely. The days of bernie madoff and his kind “being very close to the regulators” are over. The SEC has been given the word to pay damn close attention to whats going down on wall street. There is nothing wrong with people who are only human being reminded to do the right thing..

    4. Entropy56 Says:

      @GrandMAHatesCoons Jews? Heh. You forgot, Italians, Vikings, Incas, Muslims, Hispanics, Latinos, Greeks, Pedophiles, Germans, women, Californians, Chinese, senior citizens, Vietnam vets, Catholics, homosexuals, religious right, religious left, Whigs, Tories, Icelanders, Adulterers, Sex addicts, Marijuana smokers, Hippies, Rock and Roll, Hip Hop, cholesterol, Blacks, trans fats…

    5. BertGriffin88 Says:

      What a bunch of crap. Fraud is criminal. Put them all in prison. Take all their ill gotten gains. Just plain nuts.

    6. GrandMAHatesCoons Says:

      @derberg19486

      Amercans have nothing to do with this. Its corruption in all the governments, big business,banks,stock markets of the world!

    7. ComradePatriot Says:

      I saw on the news a Volcano in Iceland and realized it is the solution to corruption on Wall-Street: Yeah, what an image-The senior executives of Goldman-Sachs, handcuffed & blindfolded, and then pushed off of a platform into that big volcano, to the cheers of thousands of spectators. First to go into the hot lava: the Credit Default Swap traders

    8. GrandMAHatesCoons Says:

      The Entire Government, The Fed, Democraps,Repukeicans Banks,Wall street, Big Business Jews,Obama ALL FRAUDS!!!! IT’S TIME TO WAKE UP AMERICA!

    9. cazyblood3 Says:

      @bertly71 GOOD COMMENT

    10. cazyblood3 Says:

      @bertly71 GOOD COMMENT

    11. GaiasBatweasel Says:

      @theBritzed
      Burn the Building too

    12. TheLiberalssuckdick Says:

      THE SEC SHOULD DO THIS ON OTHER DAYS NOT ON FUCKING OPTIONS EXPIRATION DAY.

      Fucking morons. FUCK.

    13. TheLiberalssuckdick Says:

      @derberg19486

      Fuck you queer. Get off Youtube. Google is making a profit.

      Shut the fuck up you little bitch.

    14. derberg19486 Says:

      Simple, Americans Fucking over the world for profit, AGAIN, Fuck you America!

    15. Truthiness231 Says:

      @freethinker48 To be fair, they don’t seem to have a bias for any country in particular. They almost destroyed the euro too (and then again who’s to say they haven’t… the currency is still shrinking in value…)

    16. bertly71 Says:

      Criminal banksters. Fit them for orange jumpsuits.

    17. JAG82 Says:

      mmm wonder if that guy is single or not?

    18. freethinker48 Says:

      Good job obama, you need to brake it up in parts and sell it to honest americans. that company is anti american and they tried to destroy the American Economy by the illegal acts they did by telling the people everything was okay and than making billions from their losses. and it was their job to bail out AIG and they refused. mr president you are doing the right thing. and make sure you make laws where they can’t do it again.

    19. theBritzed Says:

      @ktchong : easy, conflict of interests…

    20. theBritzed Says:

      @GaiasBatweasel : its a bank not a person… ;P

    21. ktchong Says:

      For whatever reason, AP does not want to use the most straightforward, direct title for this major news piece:

      “SEC sues Goldman Sach for subprime mortgage fraud.”

    22. GaiasBatweasel Says:

      Enough Said! Hang Him!